Breaking News

INGOT Brokers Review briefly


INGOT Brokers is a registered brand name of INGOT Brokers (Australia) Pty Ltd. It was founded in 2012 and currently is authorized and regulated by the Australian Securities and Investments Commission (ASIC). Customers can trade currency pairs, indices, commodities, cryptocurrencies, and shares through two of the world’s most popular trading terminals – MetaTrader 4 (MT4) and MetaTrader 5 (MT5) with floating spreads. You can open a live account with as low as USD100 and leverage up to 1:500. INGOT Brokers uses the Straight Through Processing (STP) model to execute orders, managing the risk in the most efficient way, the company claims.




It is extremely important to know whether and where the company is regulated. INGOT Brokers (Australia) Pty Ltd is an authorized brokerage firm, which is regulated by the Australian Securities and Investments Commission (ASIC) under license number 428015. The company says it provides maximum security for customers’ funds as they are kept in separate accounts. If you are outside Australia, you will be redirected to the website, where the company you will deal with is INGOT Brokers Limited. It is registered in Saint Vincent and the Grenadines with the company number 24172.


Account Types


A two-weeks demo account is available, and it is preferable to open this type of account before you start trading for real money. Trading here is risk free because the money is virtual. 

There are three types of live trading accounts available that differ mainly in the spread and initial deposit amount required.

ECN-AU account – The minimum deposit amount is USD100 and the spreads are close to zero. Available instruments here are spot forex, spot metals, spot energies, spot indices and cryptocurrencies. The leverage can be up to 1:200.

Professional-AU – It requires at least USD100 to open and the spreads start from 1 pip. Here you can trade US Shares (as CFDs), futures on energies and futures on indices. The leverage could be up to 1:500.

Prime-AU – You must invest at least USD25,000 to open this type of account. The spreads are close to zero. The company recommends this account to high volume traders who expect advanced features and competitive pricing. There are no commissions. The leverage could be up to 1:100.

The company warns that it does not allow scalping and the minimum time frame to buy and sell an instrument is 10 minutes. If it finds any scalping activity, the company reserves the right to close the account within 24 hours.


What Type of Broker the Company Is


Although the company claims it uses the STP model to execute client’s orders, the Product Disclosure Statement (PDS) document shows that INGOT Brokers is a market maker, not a broker. The company will always act as a principal, not as an agent, for its own benefit. It is also written that INGOT Brokers generally makes its money from the spreads that are embedded in the price of the instruments. However, being a market maker involves a conflict of interest because when the company executes orders, it keeps the risk to itself. Every loss for customers is a profit for the company.

The same document reveals that stop loss orders are not guaranteed and the execution of such orders will depend on market volatility and liquidity. Once the stop-loss price is reached, the stop-loss order becomes a market order. The stop-loss order could be activated by a short-term fluctuation in the markets, or in a fast-moving market, the price at which the trade is executed could be much different from the stop-order price. This is known as “gapping” and is due to market movements during the time it takes to open or close positions. This means that all orders are subject to slippage and will be executed at the next available market price.

Although the company claims that all accounts of retail clients are covered by Negative Balance Protection, the Product Disclosure Statement file warns that you may incur losses to the extent of your total exposure to the company and any additional fees and charges that you are liable to pay to it. These losses may be far greater than the money that you have deposited into your account. So, before you open an account with INGOT Brokers, you need to clarify whether you are covered by negative balance protection, as the company claims on the website.




There is no inactivity fee, so you can determine the time frame in which you want to trade. Of course, there are common fees such as spread, swap and rollover.


Deposits and Withdrawals


Deposits can be made by bank transfer, credit/debit cards, and e-wallets such as Neteller and Skrill. Some methods are instant such as Neteller and Skrill, while wire transfers usually take longer depending on the bank as well as the intermediary bank.

Withdrawals can also be made by bank transfer, credit/debit cards and e-wallets such as Skrill, Neteller.

The minimum deposit amount is USD100 and there are no fees for deposits.


Trading Platforms


You can trade via the two of the most popular trading terminals worldwide – MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The interface is customizable and can be used on personal computers, smartphones, and tablets. With MT4 you can create automated trading operations, develop, test, and optimize automated trading strategies. You can use 30 technical indicators and 31 graphical objects for your technical analysis.

MT5 is an improved version of MT4 with an enhanced interface and new features. The platform provides an expanded list of technical indicators and many time periods for charts with advanced tools for more comprehensive price analysis.

Both terminals offer automated trading through the so-called Expert Advisors (EAs). This is an automated trading software, which automatically places, modifies, and closes positions.




INGOT Brokers offers the following groups of trading assets:

Forex – More than 30 popular major and minor currency pairs can be traded. The spread for the EUR/USD pair depends on the account type and usually is around 1 pip.

Indices – You can trade 7 futures of the most popular major and minor indices globally, such as DJIA, US500, and FTSE100. Trading involves commissions and for DAX30 it is USD10 for 25 contracts.

Commodities – 4 precious metals (Gold, Copper, Platinum and Silver), 3 energies (WTI Crude Oil, Brent Oil and Natural Gas) and 4 grain commodities (Corn, Soybean, Soymeal and Wheat) and 3 soft commodities (Cocoa, Coffee and Sugar). Trading involves commissions and for Gold futures it is USD10 for 100 Oz.

Shares – INGOT Brokers offers CFD trading of major companies such as Apple, Amazon, HP, etc. They include 74 US, over 25 European and 17 UK shares. The minimum commission is US10 per contract size.

Cryptocurrencies – You can trade 5 CFDs on cryptocurrencies (Bitcoin, Dash, Ethereum, Litecoin and Ripple).


News Corner


There is a special section “News Corner”, which covers daily technical analysis, blogs, third-party economic calendar, and corporate events calendar.




INGOT Brokers has an ASIC regulation, which allows it to provide financial services across Australia. It also has a SVGFSA regulation for the clients from different countries. Although it claims that it uses the STP model to execute orders, the company is a market maker, and the main conflict of interest exists. The company provides a wide range of trading instruments via the popular trading terminals MT4 and MT5. There are three types of real accounts, and you can start with as low as USD100. You will be charged a commission for trading indices, commodities, and shares.

One comment

  1. I’d say this is one. From beginning to end it was
    nailed by you totally. To write this you may have worked hard for study.

    Best regards,
    Harrell Duke

Leave a Reply

Your email address will not be published. Required fields are marked *